Good MorningEquity markets advanced on Wednesday, but additional gains may not come this week. In prepared remarks for Congress, Fed Chief Jerome Powell let the market know that the committee was still a long way off from making the first policy change. In his view, inflation is tracking in the right direction, but there is still a risk of acceleration that will be amplified by cutting rates. Higher-for-longer is still in effect and may remain well into the 2nd half.
Employment data from ADP affirms the sentiment. ADP reports fewer new jobs than expected, but still a solid figure at 140,000. At this pace, investors should expect wage inflation to remain strong and underpin inflation generally throughout the economy. The NFP report is due tomorrow and will likely align with the idea that the FOMC doesn't need to cut rates yet. The caveat for bearish traders is that economic resilience will keep the FOMC from cutting rates, and economic resilience aligns with an uptrending S&P 500. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Technology | |
Okta Inc. (NASDAQ: OKTA) is a cybersecurity company that specializes in identity and access management (IAM) solutions. The computer and technology sector firm helps companies protect against identity-based attacks by providing services aimed at securing employee and customer identities. Some of i... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Technology | |
Shares of Samsara (NYSE: IOT) have demonstrated remarkable resilience over the past year, showcasing an impressive 80% rise, outpacing the broader tech sector. While year-to-date performance shows a modest 5% increase, the stock's recent consolidation within a tight range sets the stage for a pote... Read the Full Story |
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Business Services | |
With stock market chatter and headlines being dominated by only a handful of soaring tech stocks these days, it's refreshing to come across something new but equally promising. Paymentus Holdings, Inc. (NYSE: PAY) is a $2.5 billion fintech company based in North Carolina whose shares IPO'd in 2021... Read the Full Story |
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From Our Partners | | See the Signals Most Traders Miss
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Technology | |
The stock bull market seems to make new highs every week. You'll probably want to protect some of those profits if you rode the market recovery since the pandemic selloff. Selling your winners would result in a capital gains tax bill, not to mention potentially missing out on future gains. Instead... Read the Full Story |
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Technology | |
The share price of Palantir Technologies Inc. (NYSE: PLTR) was sharply higher in pre-market trading on March 6, 2024. The company announced it has been awarded a two-year $178 million contract from the U.S. Army for its Tactical Intelligence Targeting Access Node (TITAN) program. These are mobile ... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Aerospace | |
AeroVironment (NASDAQ: AVAV) is not a new company or even a cutting-edge technology, but it has matured into a highly demanded provider of drones and unmanned defense systems. The combination of improving technologies and global demand for war products has driven results to record highs, and the s... Read the Full Story |
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Technology | |
The price action in CrowdStrike (NASDAQ: CRWD) stock is up 25% following the Q4 release and 2024 guidance, but the rally is not over yet. The results and outlook confirm the company’s momentum is solid, and analysts have underestimated its strength. The takeaway is that analysts are raising ... Read the Full Story |
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Technology | |
While Advanced Micro Devices (NASDAQ: AMD) might not always steal the spotlight like its competitor Nvidia (NASDAQ: NVDA), investors in this global semiconductor powerhouse have plenty to cheer about. The company continues to dazzle, particularly in the wake of the AI revolution, with surging dema... Read the Full Story |
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Technology | |
While it managed to tag a fresh all-time high in January, shares of Alphabet Inc (NASDAQ: GOOGL) have been trading softly in the weeks since. It’s a usual divergence from the broader market, given how much Alphabet’s performance usually counts for in the broader trend. For context, the... Read the Full Story |
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Finance | |
Insider buying is often a telling sign of future price action and never more so when the shares are up. It’s not uncommon for an insider to buy a stock when it's down simply to show confidence in the business, regardless of risk, but why add money when a stock is rising if you already have s... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Sonoma Pharmaceuticals, Inc., develops and produces stabilized hypochlorous acid (HOCl) products for wound care, animal health care, eye care, oral care, and dermatological conditions in the United States, Latin America, Europe, Asia, and internationally. The company offers Regenacyn, a prescription scar gel; Pediacyn, a pediatric dermatology and wound care product for over-the-counter (OTC) use; Epicyn, an Antimicrobial Facial Cleanser; Levicyn, an HOCl based prescription and OTC product to use and relieve skin irritations, lacerations, abrasions, and burns; Celacyn, a scar management gel; and SebuDerm to manage and relieve the burning, itching, erythema, scaling, and pain associated with seborrhea and seborrheic dermatitis. It also provides Gramaderm for the treatment of topical mild to moderate acne; Microcyn, a HOCl-based topical line of products designed to stimulate expedited healing by targeting a wide range of pathogens; Ocucyn eyelid and eyelash cleanser; Microdacyn60 oral care solution for the treatment of mouth and throat infections; and Podiacyn, a foot care product. In addition, the company offers MicrocynAH, an HOCl-based solution designed to relieve common symptoms of hot spots, scratches, skin rashes post-surgical sites, and irritated animal skin for healing; MicrocynVS, a veterinarian-strength animal care product used in vet clinics and animal hospitals; Nanocyn, a hospital-grade disinfectant; Acuicyn, an antimicrobial prescription solution for the treatment of blepharitis and the daily hygiene of eyelids and lashes; MucoClyns for the use in emergencies and safe to use on mucous membranes, cuts, abrasions, burns, and body surfaces; Endocyn root canal irrigation solutions; and Sinudox for nasal irrigation. The company was formerly known as Oculus Innovative Sciences, Inc. and changed its name to Sonoma Pharmaceuticals, Inc. in December 2016. Sonoma Pharmaceuticals, Inc. was incorporated in 1999 and is based in Boulder, Colorado. | | View Today's Stock Pick |
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